Bitcoin Options Market Focuses on $100,000 Strike Price

Key Points:
  • Bitcoin options market eyes $100,000 level as optimism rises.
  • Investor focus returns to Bitcoin amid improved sentiment.
  • Options data shows bullish skew with dominant call contracts.

The Bitcoin options market sees renewed focus on the $100,000 price level, with significant open interest in these contracts set to expire on January 30, 2026.

This shift indicates a more optimistic market sentiment, contrasting with past bearish trends, and suggests potential institutional re-engagement.

Bitcoin Options Open Interest Hits $1.45 Billion

Trader sentiment has turned optimistic, focusing on Bitcoin options at the $100,000 strike price, set to expire on January 30, 2026. Data from Deribit shows the highest open interest in these options, valued at over $1.45 billion. Comparing this with a significantly lower $80,000 put options shows a substantial bullish preference among investors.

Jake Ostrovskis from Wintermute stated, “While the scale is not huge, the direction is consistent—this is based on the large positions at the $100,000 strike price that emerged last week. There is still some bearish premium in the current curve, but it has softened significantly. Therefore, I believe the market no longer seems to expect the most pessimistic downside scenario, and the situation is stabilizing slightly.” *(Via Wintermute’s official OTC trading desk commentary, distributed to clients and posted on Deribit platform updates.)*

Market reactions have been notable, as observed through

, who commented on Twitter about the potential for “strong gamma squeezes.” Raoul Pal from Real Vision also indicated that institutional flows would potentially return after last year’s correction, highlighting the significance of this psychological threshold in driving market dynamics.

Historical Market Trends Signal Optimistic Outlook

Did you know? In April 2023, a similar focus on $80,000 call options signaled an optimistic market shift, coinciding with renewed investment inflows and favorable sentiment among institutional traders.

Bitcoin (BTC) holds a current price of $91,837.19, with a market cap of $1.83 trillion, as per CoinMarketCap. Maintaining market dominance at 58.22%, Bitcoin’s trading volume reached $49.75 billion in the past 24 hours, decreasing by 2.34%. Despite recent stabilization, Bitcoin has faced a quarterly challenge, dropping 25.81% over the last 90 days.

bitcoin-daily-chart-5465
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:18 UTC on January 6, 2026. Source: CoinMarketCap

Coincu analysts believe that these developments in the options market signal institutional confidence and the continued evolution of crypto derivatives in offering strategic financial positioning. The high call-to-put ratio aligns with the historical bullish patterns seen in previous run-ups, potentially foreshadowing significant market activities moving forward.

Rate this post

Other Posts: